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's "chalk talk." massive defense budget cuts not even part of the discussion so far about the fiscal cliff. those cuts are set to go into affect in three weeks. admiral james lyons joins us in just moments. [ male announcer ] with over 50 delicious choices of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps blo stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. ♪ lou: welcome back. we are talking about the disco cliff. we are going to turn to advance inhe middle east and the united nations this week. judy miller, joe trip be, and rollins. i wanted just go back to the fiscal cliff just for a second. that is, the republican messaging, if you will. they have an opportunity here, it seems to me, as well as a problem, but i don't hear creative, imaginative, if you will, rhetoric or language or positioning or messaging. >> we
defense budget cuts not even part of the discussion so far abt the fiscal cliff. those cuts are set to go into affect in three weeks. admiral james lyons joins us in just moments. is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race tracks, batteries that power tomorrow's cars, nearlyndestructible laptops, and the sustainable smart towns of the future. atanasonic, we're driven to make what matters most better. just another way we're engineering a better world for you. ♪ lou: welcome back. we are talking about the disco cliff. we are going to turn to advance in the middle east and the united nations this wee judy millr, joe trip be, and rollins. i wanted just go back to the fiscal cliff just for a scond. that is, the republican messaging, if you will. they have an opportunity here, it seems to me, as well as a problem, but i dn't hear creative, imaginative, if you will, rhetic or language or positioning or messaging. >> we have been for about three years now. so i think there's
defense budget cuts not even part of the discussion so far about the fiscal cliff. those cuts are set to go into affect in three weeks. admiral james lyons joins us in just moments. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core omy ptfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ lou: welcome back. we are talking about the disco cliff. we are going to turn to advance in the middle east and the united nations this week. judy miller, joe trip be, and rollins. i wanted just go back to the fiscal cliff just for a second. that is, the republican messaging, if you will. they have an opportunity here, it seems to me, as well as a problem, but i don't hear creati
of money and hay straight ahead. ♪ . melissa: so the pentagon get as green light to send valuable defense funds on things like efforts to make biofuels. the military is focused on alternative energy sources faced constant debate in congress this year and i think rightly some republican senator james inhofe is a member of the armed services committee. senator, welcome back to t show. when i go through these stats it is really staggering. you look at the air force whic paid $59 a gallon for 11,000 gallons of alternative fuel. the navy spent $12 mlion on biofuels at a rate of $26 a gallon. at a time we're talking about raising taxes and the fiscal cliff and what financial problems we're in this country, i read these numbers i want to tear my heart out. how do you feel? >> melissa, it is wse than that. in '09 he had the navy pay $424 a gallon for 20,000 gallons. that is fuel on the market you could buy for $3 a gallon. $424 a gallon. in mind, this president s had a war on our defense system. he disarmed america. he has done away with our brigade combat teams, our ships, our f-22s, c-17s, futu
the brotherhood. syria apparently mixing chemical weapons. the foundation for defense of democracy joins us here in moments. the unemployment rate drops. so did the number of workers in the labour force. we will be taaking about this economy and what washington is trying to do to it and us next with peter wallace and. ♪ the catal one cash rewards card gives you 1% cash back on all purches, plus a 50% annl bonus. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more fla. [ southern accent ] 50 percent more tars. that's where tots come from. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% aual bonus on the cash yoearn. it's the card for people who like more cash. 50% more spy stuff. what's in your wallet? this car is too small. ♪ lou: house speaker boehner says the president is slow walking our economy to the fiscal cliff. former reagan white house counsel, financial crisis inquiry commission member peter wallace will join me here in just moments. let's take a look
the brotherhood. syria apparently mixing chemcal weapons. the foundation for defense of democracy joins us here in monts. the unemployment rate drops. so did the number of workers in the labour force. we will be taaking about this economyand what washington is trying to do to it and us next with peterwallace and. i'm dominique dawes and there parents can give their kids -- making sure they get active at least 60 minutes each day. studies sh that physical activity not only helps kids stay heahy, it can enhance impoant skills, like concentration and problem solving, which can improve academic performance. this means physical activity can help your kids in the most important game of all -- life ♪ lou: house speaker boehner says the president is slow walking our economy to the fiscal cliff. former reagan white house counsel, financial crisis inquiry commission member peter wallace will join me here in just moments. let's take a look at tonight's "moneyline." the dow and s&p managing gains. the nasdaq weighed down by another bad day for apple and its investors. the dow up 81 points. s&p up four, t
revolting against the brotherhood. syria apparently mixing chemical weapons. the foundation for defense of democry joins us he in moments. the unemploymt rate drops. so did the number of worers in the labour force. we will be taaking abouthis economy and what washington is trying to do to it and us next trying to do to it and us next with peter wallace and. can i help you? i heard you guys can ship ound for less than the ups store. thas right. i'vlearned the only way to get a holay deal is to camp out. you know we've been open all night. ithis a trick to get spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedexffice. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the me
help in? we take itll up with he foundation for defense of democracy here next. stay with us. ♪ lou: breaking news. u.s. officials confirmed that the egyptian authorities have detained a man who has been described variously as, perhaps, an alleged ringleader of an egyptian terrorist network linked to the september 1th attack on the u.s. consulate in benghazi. the united states ambassador and three other americans were killed. also tonight, egyptian president urging national dialogue still, but moving forward with his referendum on an islamist back to constitution. the new york times bureau chief in cairo, david kirkpatrick insting th the muslim brotherhood s not, and i do ," not violent by nature and have come over the last couple of decades, you off me and mor into a moderate conservative but religious moderate regular old political frce. well, joining us now is jonathan chancellor, former counter-terrorism analyst, current vice president of research for the foundation for defense of democracy, and it is good to have you with us. your eaction to kirkpatrick's descriptio. >> let me
to be on the table. entitlements are 13 percent of the total budget. the big pot is defense spending. we spend trillions on defense. federal pension that is 22 percent of the federal budget. we give pensions to members of congress and lt's look at that and look at entitlements and look at the big honey pot and the big spending. >> i am all with mark in bringing down the pensions of the politicians. here are the facts, in 2009, we had a stimulus spending. 800 billion extra from 2008. guess what, it never stopped. it was supposed to be a one stop 2010 and 11 and 12 we have maintained the extra spending in a time when we had cut back on military spending. >> absolutely. >> and that is increasing and guess what, that adds up to the deficit, right? >> david, the problem is deeper than wh you are describing. this goes back decades. when you look at entitlement spending over the last half century, it has steadily crept up four percent every year and that includes adjustments for pulation growth. so what then? you increase taxes four percent every year? that is absurd. at some point we need both parts
and let's not forget the spending cuts that are ought mattic in the defense industry, defense industry alone is looking at hundreds of thousands of job cuts next year with nos mandatory cuts go into effect. i'm not saying they are. sot's both cutting and taxing, we're too focused on the tax. bottom line, the government takes it out of the system cutting and raising taxes and the small or deficit. that means tt people are going to be out of work, almost by definition in the short run. but in the long run it's a healthier economy that doesn't go down the path of greece. if the long run greece would have low unemployment, but they do not, but yes, we're going to go a percent, if it happen the worse case scenario, but in five years we won't be notble to borrow money. >> brenda: julian, you can go ahead and respd. >> first of all, the ernst & young study has been debunked over and over. and number two, the bush tax cuts,f you let the bush tax cuts. the crs study was a republican study and found the same thing as the cbo. if you letush tax cuts expire on everybody, yes, you would have negati
and defense systems to the turks? >> no. in fact of this has been hanging fire for some months. the one to make sure they have some means of protecting themselves, not simply from rockets coming in from syria, but they want to protect themselves from what the iranians are building with the help, of course. lou: and we can talk forever about the turkey and the relationship that is emerging there, but i want to talk your, as we wrap up, about this new book. oliver north, heroes proof. set in the future in which you imagine issues that, well, frankly, are taking place today. >> twenty years from now, and i did not have any idea that the terror attack that killed americans would be wise about by an administration r that israel would face the existential threat that it does today. those kinds of things are in this book. of course, hopefully, a brighter future for america when we realize was really happening, the second amendment being denied by the united nations kamal things that this administration is doing in this book. by the way, service members, those who are serving overseas, soldier
it done in stanten island all on his own, without the government. meanwhile, why a former defense secretary says the battle in washington could have our military losing the war. we have more. ♪ this family used capital one venture miles to come home for the holidays. that's double miles can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] t it'she family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flightany time! that double miles you can actually use! how illuminang. what's in your wallet? let me guess, am on the naughty list again? ho ho ho! nah. don tell me. tell tiny! [ ice crackling ] [ knuckles cracking ] and who are you supposed to be, back-up? handle it. what you loing at? ha! cat-like reflexes... whoa! [ male announcer ] the coorlight silver bullet pint. 's bigger. it's resealable. it's still the coldest. don't u do it. don't you do it! [ male announcer ] frost bred coors light. the world's most refreshing beer! neil: no deal. bp out, and if automatic cuts cut in january 1s
on his own, without the government. meanwhile, why a former defense secretary says the battle in washington could have our military losing the war. we have more. ♪ neil: no deal. bp out, and if automatic cuts cut in january 1st because they have not figured it out, forget the economy. r military could be the one really getting slammed. spending making up for over 50% of the total budget cuts that would automatically be sequesteredded in. all other government programs share the rest. defense, half of them 80 other programs with the other half. william cohen on why it could be a scary thing. secretary, good to have you. what would be the immediate impact on the military, do you thk? >> well, the immediate impact would be on operations and maintenance. basically, cuts in training, programs will be deferred, it would have an impact in terms of our war on terror, in terms of being able to fund these prerly. whenever you talk about budget cuts, usually, you have a premise that what arehe threats that face us. what's a strategy we have to combat those threats? what is the revenue n
the government. meanwhile, why a former defense secretary says the battle in washington could have our military losing the war. we have more. ♪ man: we are rolling. all right, mama's gonna bring it home, mama's gonna bring it home. oh, no! man: oh, mom! aah! announcer: challen your kids to be active and eat healthy. all right, let's see what you can do. let's go. announcer: search "we can" for ideas on how to get healthy together. neil: no deal. bp out, and if automatic cuts cut in january 1st because they have not figured it out, forget the economy. our military could be the one really getting slammed. spending making up for over 50% of the total budget cuts that would automatically sequesteredd in. all other government programs share the rest. defense, half of them 80 other programs with the other half. william cohen on why it could be a scary thing. secretary, good to have you. what would be the immediate impact on the military, do you think? >> well, the immediate imct would be on operations and maintenance. basically, cuts in training, programs will be deferred, it would have an impact i
on to half a trillion in cuts, in domestic programs and half a trillion in defense, understand what this is as a conservative, defense is 16% of the budget. other 84% gets half a trillion, defense getting half a trillion. the democrats are welcoming this to happen. >> the guy who ran second to mitt romney, many argue now with -- i think this is -- republicans are running with tail between their legs, and they are a lighter blue. >> they are referred to as cheap democrats. neil: you are persona nongratta now. or party we knew is gone. >> i'm hoping that is not the case. i'm hoping we'll have new members come in. and you know, we -- just saw it, i got involved in not a fiscal thing but it had to do with a u.n. treaty that the left's to s to hoist on u.s. that thing was going to pass, we got involved, an organization that i run, patriot voices, we stirred up the pot, got people to pay attention. neil: you are a force, you are a very commanding force it would be in upper tier of perspective presidential candidate. >> i appreciate, that but point is, i do not say that to pat our organiza
spending cuts. a lot coming out of defense. these are not long-term structural changes that will put us on a path to a balanced budget. that will not happen. melissa: the other thing that struck me about the graphic when you look at it, the threat from republicans hey, we would rather go over the cliff rather than take the president's deal, to me doesn't look terribly credible when you look at actual numbers. unless you take into perspective we're not really going over for 10 years. but it is just going over the cliff is so focused on raising taxes, on absolutely everybody and spending cuts are really not that impressive in terms of getting, you know, the gap down smaller. they say if you compare it to the white house plan they would rather go over the cliff. i'm not sure that is really credible given those numbers. what do you think?. >> way some republicans not all, growing number of republicans are looking at this, assigning blame to the president, making clear this is the president's plan and they don't have anything to do with it is politically more beneficial for them both in the
george zimmerman. >> it was shown but it was gist a black and white a binning, defense had to ask. the same picture but now in color, defense asked again and again. to be fair torosecution,. lou: i know how fair you lawyers like to be. >> that iss. they may not have had theolor in their own file. lou: are we going through this? >> just giving you both sides. lou: do you think that any grand jury would have broughthis -- if they had seen that. no. this -- >> they saw the black andhite to beair, they jusdidn't see the cor. >> i don't think that black and white photo and cor photo elicit the same span, you look at this -- response, you look at this photo you immediately think self-defense. lou: we have color otherwise inkhat a travesty of justi all those grand juries in the day of black and white photos. >> it is probable cause for a grand jy. lou: and do you thnk that he should be prosecuted? >> you know, my sense is given that picture, i'm a lot less supporve of pro psecution but. >> it would have changed a lot of people's mines, and if the media had not rushehed to judgeo quickly.
, a defensive flair to detour antirebel runners, but that epitomizes the fear of which the serian people now live. rebel forces taking the flight to the assad regime inside the capital with a deadly explosion in the arab red crescent building outside the city. >> it's very clear the regime forces are being grounded down and that they are losing. >> in seeking to squash the uprising, he killed 40,000 people. president obama's top aids feel the fighting takes on a more gruesome character. >> we remain very concerned, very concern that as the opposition advances, in particular on damascus, that the regime might very well consider the use of chemical weapons. >> senior u.s. officials confirmed to fox news that syria have fully mixed an unknown quantitity of the deadly nerve agent loading it on to breakable canisters, an aerosol form to be dropped from above. in dublin, secretary of state clinton met with the russian foreign minister whose regime steadfastly defended syrias, but that changed as the russian leader, close to putin said, quote, we have shared and do share the opinion that the existi
in. all other government programs share the rest. defense, half of them 80 other programs with the other ha. william cohen on why it could be a scary thing. secretary, good to have you. what would be the immediate impact on the military, do you think? >> well, the immediate impact would be on operations and maintenance. bacally, cuts in training, programs will deferred, it would have an impact in terms of our war on terror, in terms of being able to fund these properly. wheneverou talk about budget cuts, usually, you have a premise that what are the threats that face us. what's a strategy we have to combat those threats? what is the revenue necessary to fund the execution of the strategy? now we have a situation where just take it across the board, and deal with it. i think it's going to be very dangerous for us. it's not that the defense budget can't be cut. we already mandated 500 billion in cuts over ten years. this is another 500 billion meing roughly, next year, starting in january, another 58 billion in 2013 comes out. that means we're going to have a major impact o
and federal government funded by the lottery. there is a defense between tas that are forced and lottery which is it. >>> and i think the point. there is no way. if you make it voluntary. >> i can't hear anybody! >> and the bigger point here, you got to start somewhere. ybody who comes wup a solution. if it doesn't cover the full pad they slam it down and they say it will not work it is all about the baby steps. we are so screwed up. >> i disagree with that. >> a two dollar lottery. why is it ridiculous julian. >> you are talking about raising billions and we have to raise four trillion. >> that's not the only thing to do. >> it is it nolt. we'll not he a cookie today because i am trying not lose five pounds for the moll day. >> it is not funny. the fact of the matter we are taking big ste this is between two or three trillion debt reduction package. it is significant things. we are nolt dealing with serious other thans right now. >> we are throwing big nbc out there. three trillion over three years and why not hundred years and call it 30 trillion. we are not making a team it is not making a
been on top of this. he has been very defensive about the fact they are still creating jobs here and abroad. apple, by the way, 60% of business outside of this country. dagen: it is not just about price, it is about scalability and adaptability of the workforces in this nation. charles: there is no dow about it. natural gas gives us an amazing advantage. wages have gone up dramatically in china. we will benefit from that as well. be careful what you ask for. do we really want a whole bunch of four dollars jobs in america, the answer is, no. connell: thank you, charles. great stuff, as always. the irs wants back taxes from amazon. dagen: no shame. one of the most popular places to do your holiday shopping. that is exactly the video we picked that we are going to tell you about coming up. just make sure this is not a public restroom, please. [ laughter ] ♪ there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep nuer store. thonly place in the world you'll find the extraordinarily comfortable slp number experiee. an exclus
. the defense has been saying we will not plan for sequestration's because they don't want to be cautious because it is like a gun to the head. they're now looking into planning for this because we are getting pretty late, and that may become a reality. back to you. melissa: rich edson, thank you so much. lori: let's continue this discussion. it is going to happen, it is exactly what the democrats want. according to scott hodge of the tax foundation. what are some alternatives to raising revenue? joining me with some ideas. to your point, you're written quite extensively on this topic. it seems the economy is poised to fall off the cliff and that's what the democrats and the president wants to happen. >> they want to allow all the bush tax cuts to expire. it happens naturally automatically. they don't even have to vote for it. in january we had to lower taxes for everybody. getting it very simply. lori: a lot of people are concerned. if we do go over the cliff, there's no resolution for the alternative minimum taxes, will not be passed that does not get resolved you have 20 million more a
. but in mcafee's defense, he probably did kill his neighbor. charles: he could be charlie sheen's friend. that would be a sight to see. thank you, we will talk to you later. meanwhile, while everyone is worried about the economy plunging over the cliff, it looks like the funding for medical devices has already fallen over the cliff. investors are now pulling the plug. >> they make heart comes and stands and prosthetic devices for returning soldiers. they make devices to work on brain tumors. what is happening is that obamacare, we are finding all sorts of odd taxes that are coming out. now, we are seeing the medical device tax is a big one. basically, this is a tax that will hit the medical industry, and it doesn't hit profits, it hits their sales. charles: the products that keep us alive and help us, by the way, when you say there is not going to be attacks a tax on the middle class, this taxes every person that may ever have to go to a hospital and meet one of these devices. >> yes, that's right. 43,000 jobs cut possibly in this industry. this is an industry that spends $10 billion ann
: with the defense cuts come if we do over the cliff, it will cost $100 million or over that? >> 137 million. gerri: would this put you into the red? >> it certainly could. we are still looking at obama's health care plan and what it will do to the state budget. the federal strings are tied. i asked the president about this. the federal funds that come down to the state as you may cuts -- we can still have the strength attached to it. it doesn't give leeway to meet your unique circumstances in our state. we are all different. different budgets, different employment rates, different constitutions, different laws. different styles of living and means within our budget. give us some flexibility. gerri: i expect you to be a little bit more upbeat about the fiscal cliff, but i have to tell you, you sound like a lot of people in washington today. concerns over whether these leaders can get together and find common ground and resolve this issue. it would be meaningful to stay like yours. governor, thank you so much for coming on. >> thank you, gerri. gerri: it's not just politicians and ceos are worried
in this country it is the private insurance industry that steps up as first line of defense. neil: it might be, but after katrina we learned that 140 million of up front federal money given, i don't know what happened to the other 100. maybe it did go out to other areas, and structures -- but that is the wrap against the large sums, you subscribe to 10% loss and abuse of moneys, contractor rule. then by thatting thamath, a gool will never reach the intended folks. >> you are right, the answer is two-fold, you are not throwing out the baby with the bag water. you -- bath water, you need fema and government assistance for a mass disaster on the other hand there has to -- >> money directly to people rather than an intermediary. >> i think you are right, it is an administrative issue, it is how you administer akin program like this. we, at bp got it out fast and right with minimum overhead, that is what ought to be done in a case like this. neil: you have to make tough judgment calls, right, in the case of you, 9/11 that a broker who died on 9/11, his potential earnings going forward, what we coul
with defense cuts. cost eight -- 100 million? you have had a surplus will this put you into the red? >> it could. we still look at the federal obama's health care plan with the budget will cost money then look of the mandates tied with the federal money. i asked the president, is you have these federal funds coming down to the states and the strings are still attached it does not give us leeway for our different circumstance -- circumstances other states different constitutions, laws, differe nt styles of living and different needs for the budget. give us some flexibility. gerri: i hope you were more upbeat with the fiscal cliff that use sound like many people big concerns the people can get together and find common ground. it is meaningful to est. like yours. we appreciate your time. gerri: it is not just politicians and ceos. even baseball players take note to. there all top 2% and major league baseball stars just signed a five-year contract with the atlanta braves worth more than $75 million. the $3 billion signing bonus something major league baseball rarely does outside the dra
, this is your fox new fox news b. defense secretary is saying u.s. intelligence services have very serious concerns about the routine use of chemical weapons in syria has the u.s. much official tells fox the syrian president is prepping a deadly nerve agent loading it into bombs for deployment. experts say it is 500 times more toxic than cyanide. the pentagon plan to prepare publications in africa are extremist in al qaeda. manage national core are prepping to launch offensive in northern mali. providing training and equipment and transportation, separation set to begin early next year. over in each of the presidential palace looking like an armed camp is at this time. egyptian military installing barbed wire barricades and stationing tanks after another night of deadly protest. the worst round of violence in two weeks. clashes between rival to mr. this killed the seven last night. those are your headlines, back to lori and melissa. lori: time to get a deal to avoid the fiscal cliff. senate majority leader harry reid just took the floor. he tried to get a vote on the fiscal cliff deal at 1
equipment supplier named mitchum, posted what's described as a surprise loss. down 17%. and a defense contractor, posted higher profits. better than expected. maker of tommy bahama and lilly pulitzer brands. and disappointing, down you go, 12% down there and then facebook, joining nasdaq 100 one week from today. it's down 13, but it's at 27 now. work hard, all your life and build up an estate and leave it to your kids, and like to. the government takes, and attorneys say what to do to avoid it. first, christmas music from mark stein, i don't know why my picture is up there. that's mark stein and he's singing, not me. ♪ male announcer ] at scottrade, you won't just find us online you'll also find us in person, with dedicated support teams at over 500 brancs nationwide. so when you call or visit, you can ask for a name you know. because personal service startwith a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. >> detroit, we're told,
thing you know i got a deal. to judge napolitano: hardship is not a defense. what is the defense is the bank didn't downsize and cross 60s and state like new jersey and new york have would you characterize as judicial foreclosure, foreclosure that must be approved by a judge after consent or trial. it is to avoid the robotstamping foreclosure that occurred in other states like florida where the bank, you know, a couple blanks here, they should have stamped their name in, submit documents to the clark and everything is filed here and the bank owns the house and the homeowner never had an opportunity to say i never saw that, never read it, never agreed to it. that is not my signature. the judicial version of foreclosure forces the banks to be honest, to adopt every i and cross every t. it takes them three years to get their money. tracy: the states, 22 states that are judicial thought the beginning of good thing when they declared themselves. judge napolitano: they thought they were protecting the homeowner from a bank that might seize the property too quickly. just to give you an
fun talking about. lou: the last line of defense. >> right. and the bacteria makes millions and millions of colonies. it sees this drug and over time will develop resistance. this particular resistance was developed back in 2001, but it has been spreading. they bring it to a nursing home. it is hard to track it. lou: to this point crt has not been found. >> id is not yet in the communities. we saw that. it ended up in the gym. worried about that here. 40 percent. 40 percent. lou: a comparable disease. >> to give you an idea, you don't see that with hiv or tuberculosis. the biggest problem from a business point of view is that the drug companies don't have an incentive to try to find to give the antibiotics to kill this. even giant said use every day. something like this you only would use if you had the deadly bacteria, so it is not profitable for a drug compann to even, but the solution to this problem. they try to mop up they don't have any. no antibiotics out there were all the time against this, and it is going. lou: and there is no drug in the pipeline. >> no drug in th
. major cuts to defense spending, no changes to entitlements. david: if i'm tea party member i've had my legs cut out from john boehner. >> that is absolutely you try. if impresident of the united states and democrats i need a plan that allows us to raise the debt ceiling in 2013. the way i view it you blunt severe components of it but still fiscal drag at beginning of the year. you will still have uncertainty what the size and scope of the federal government will look like 2013 and beyond. is it priced into the market? these markets are trading at generally reasonable valuations. certainly not as cheap as it was last august but stocks are as cheap to bonds as they have been in a very long time. lauren: thank you, brian. i love how we said our portfolios are out of style. david: why he is senior economist for oppenheimer. thanks a lot. >>> a big blow to organized labor in michigan of all places the home of the uaw. state lawmakers approving right to work legislation there. coming up next a state senator on the fast and controversial move that took a lot of folks by surprise and could cha
. he can turn and say to my want to restore some of this funding that my secretary of defense and joint chiefs of staff told me i need to restore and can position himself as sort of the protector of u.s. national security. so there are some clear incentives to the president to lead the country over the fiscal cliff. do i think that's what he wants? probably not, but do i think there are incentives for him to do it temecula. gerri: never looked at it that way. as you look at this debate on going, there are a lot of folks who say we will be flirting with recession or in recession if we do go over the cliff. do you agree? >> that happens only if we go off the cliff and stay off for an extended amount of time. to we don't go into recession just because we don't have a resolution on january the first. it's a question of whether we have no resolution at that time but it seems that it's likely to a come within a short time. the longer we go into january with no resolution the more likely that we do go off the cliff into recession. gerri: the broader concern is if we confined in the ground. gre
don't ever think that it's wise to keep your mouth shut because i think truth is a defense. and it's unfortunate if in fact the case he has been punished either by the consumer or investors for that matter speaking out personally or politically. but here's the reality of the battlefield. nothing's changed post-election as opposed to pre-election. the, uncertainty of the tax situation, the fiscal cliff that everyone is tired of hearing about frankly. the overburdensome regulatory environment that we're in is depressing growth, particularly for small business. and i think that's a primary distinction here as we talk about business itself because all business is not created equal. and the president's jobs council who has some wonderful folks, some friends of mind on it, wholly inefficient in my view because there is no representation from small business on that jobs council. melissa: catherine, let me ask you, what i look what happened with the case in darden, it seems like what happened to a bunch of different companies, my take at the end of the day, for sure they're not going to hi
by a plan being considered by congress, coming up next.c, afc offensive lineman, defensive tackles, quarterbacks and cornerbacks are all working with united way. for a million little reasons. the kids of our communities. to ensure their academic success, all the way to graduation day. it takes about 12 years to create a graduate. it takes the same time to create a dropout. and the difference between a kid becoming one or the other could be professional athlete. or it could be you. studies show, the earlier we get to kids, the better their chances. so become a united way volunteer reader, tutor or mentor. make a difference in the life of a child. for the life of that child. give. advocate. volunteer. live. united. join your favorite nfl players. take the pledge. go to unitedway.org. gerri: objects, one of the gerri: investors are bracing themselves for three tax hikes. in particular, the top rate on long-term capital gains, set to skyrocket from 15% to as high as 44% from january 1. that includes a 3.8% tax for obamacare. taxes go on and on. so what are advisors telling their client
through the middle or linebacker, defensive end and full speed i have to face him up head first, bam, that is concussion every time i do it. now that i know what a concussion is, and symptoms of it i feel like every time i had to make a block like that, i had a slight concussion. melissa:. gerri: unbelievable. thanks for coming on tonight, ricky and peter. >> thanks for having me. >> i hope we don't hear anymore about this kind of thing. >> definitely. gerri: thanks so much. >> thank you. >> thanks for having me. gerri: thank you. now we want to know what you think. here is our question tonight. should the nfl be doing more to protect players? log on to gerriwillis.com. vote on the right-hand side of the screen. i will share results at the end of tonight's show. santa is not the only one who is checking naughty and nice. i check withhconsumers reports that has its own list. >>> government airports, many spend the week practically empty and taxpayers footing the bill. details next. ♪ . music is a universal language. but when i was in an accident... spoke a language all its own healt
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